MANILA, Philippines – More than P5.923-billion worth of housing units and other assets owned by the Home Guarantee Corp. (HGC) are being occupied for free by informal settlers and evicted former owners, according to a 2010 Commission on Audit (COA) report.
As of Dec. 31, 2010, COA said acquired assets of HGC totaled P11.477 billion but inspection showed that “former owners and/or their relatives are still occupying the properties free of any charge, enjoying their natural, industrial and civil fruits notwithstanding the expiration of the redemption period provided for by law as well as the consolidation of titles in the name of HGC.”
COA stressed that HGC is empowered to acquire and dispose of mortgaged properties. The properties in question comprise 2,777,720 square meters or 47 percent of the total 5,931,099 square meters of HGC acquired assets. Some 15,500 individuals occupy the properties illegally.
COA said the HGC should pursue appropriate actions against illegal occupants of the properties or compel them to pay. State auditors also recommended the execution of lease contracts between HGC and illegal occupants of its properties. –Michael Punongbayan (The Philippine Star)
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
